Mortgage Application Declined? What to Do When the Bank Says No | Episode 537
A no from the bank doesn’t always mean you can’t borrow.
We break down what happens when a mortgage application is declined, from specialist and second-tier lenders to full doc, alt doc and no doc loans, why some borrowers pay significantly higher interest rates, and the importance of having a clear exit strategy back to a main bank.
Next Steps: If the bank has said no to your mortgage, it doesn’t necessarily mean you’re out of options - get in touch with the Lighthouse mortgage team to talk through your situation and what other lending options could be available.
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The skinny
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